Bolt extends contract with Puma

FRANKFURT - Jamaican sprint sensation, Usain Bolt , has renewed his sponsorship contract with German sportswear maker Puma "through and beyond the 2016 Olympic Games in Rio," Puma said Tuesday. The six-time Olympic champion, 27, has been training and competing in Puma since 2003. "We are very proud to extend our sponsorship contract with him because Usain is the perfect ambassador of the Puma brand," said chief executive Bjoern Gulden. "He will play a crucial role in our future product concepts as well as brand communications leading towards the Olympic Games in Rio 2016 and beyond." The financial terms of the contract were not disclosed but according to Forbes magazine the deal will earn Bolt some $9 million per year. Last week, Bolt said he might not retire in 2016 after the Rio Olympic Games. –AFP